Andrew R. Jassy is an American businessman and the CEO of Amazon Web Services (AWS). He is also one of the minority owners of the Seattle Kraken of the National Hockey League. Jassy has led AWS since its inception in 2003. Jassy will replace Jeff Bezos as CEO of Amazon in the third quarter of 2021; Bezos will become executive chairman.
Jassy is also the chairman of Rainier Prep, a charter school in Seattle.
Early life and education
Jassy is the son of Margery and Everett L. Jassy of Scarsdale, New York. He is Jewish with Hungarian ancestry. His father was a senior partner in the corporate law firm Dewey Ballantine in New York, and chairman of the firm's management committee. Jassy grew up in Scarsdale, and attended Scarsdale High School.
Jassy graduated with honors from Harvard College, where he was advertising manager of The Harvard Crimson, before earning an MBA from Harvard Business School.
Jassy worked for 5 years after graduation before doing his MBA. He worked as a project manager for a collectibles company, MBI, and then he and an MBI colleague started a company and closed it down.
He joined Amazon in 1997, with several other Harvard MBA colleagues. His early roles included marketing manager. In 2003, he and Jeff Bezos came up with the idea to create the cloud computing platform that would become known as Amazon Web Services (AWS), which launched in 2006. Jassy headed AWS and its team of 57 people. In April 2016, Jassy was promoted from senior vice president to CEO of AWS.
In 2016, Jassy earned $36.6 million. In 2020, for his work as CEO of AWS, Jassy earned a base compensation of $175,000, plus a restricted stock unit award of 4,023 shares (a value of $12,104,844.93 as of July 26, 2020) of Amazon with vesting beginning in 2023. He also received a restricted stock unit award in April 2018 for 10,000 shares (a value of $30,089,100 as of July 26, 2020), which vest 37.5% in 2021, 12.5% in 2022, 37.5% in 2023, and 12.5% in 2024.
In April 2017, Jassy criticized rival Oracle's database business, claiming that "it has been a lonely place for customers" due to their high prices and vendor lock-in.
As of November 2020, Jassy's estimated net worth is $377 million.
On February 2, 2021, it was announced that Jassy will succeed Jeff Bezos as the CEO of Amazon sometime in the third quarter of 2021, with Bezos transitioning to executive chairman.
In 1997, Jassy married Elana Rochelle Caplan, a fashion designer for Eddie Bauer and graduate of the Philadelphia College of Textiles and Science, at the Loews Santa Monica Beach Hotel. Their wedding was officiated by New York Rabbi James Brandt, a cousin of Elana. Both their fathers were senior partners in law firm Dewey Ballantine. They have two children.
They live in the Capitol Hill neighborhood of Seattle, in a 10,000-square-foot house bought in 2009 for $3.1 million. In October 2020, it was reported that Jassy had bought a $6.7 million 5,500-square-foot house in Santa Monica, California.